Use the Following to Answer Question

question 120

Multiple Choice

Use the following to answer question:
-(Figure: The Market for Oranges in South Africa) Use Figure: The Market for Oranges in South Africa.In autarky,the price of oranges in South Africa is P₁.When the economy is opened to trade,the price falls to P_W and consumer surplus will _____ to area _____.

• A)fall;M
• B)fall;M + N
• C)rise;M + N + O
• D)rise;M + N + O + P

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Definitions:

Autonomy

The ability or right to make one's own decisions without interference from others.

Organizational Behavior

The study of how individuals and groups interact within an organization and how this affects the organization’s performance.

Attitudes

An inclination of the mind to judge a particular thing with a level of preference or objection.

Short-term

Relating to or occurring over a brief period of time, typically less than a year, often used in financial, planning, or project contexts.